Closing Date 2022/10/10
Reference Number LAN221003-1
Job Title Quantitative Specialist: Credit Impairments [Centurion]
Division Finance and Treasury and IT
Unit Financial Strategy & Plan
Job Type Classification Permanent
Location - Country South Africa
Location - Province Gauteng
Location - Town / City Centurion
JOB ADVERT SUMMARY
The Land and Agricultural Development Bank of South Africa (Land Bank) is South Africa’s only specialist agricultural bank established in 1912, the bank’s sole objective is to serve South African commercial and emerging farmers and bring specially designed financial services within their reach. These services enable farmers to finance land, equipment, improve assets and obtain production credit. The Land Bank provides financial services that have moved with the times and continues to provide services to agri-business and constantly reviews its offerings to ensure that they match the needs of an industry. As change has swept across the sector in South Africa the socio-economic makeup of agriculture has altered, bringing new entrants from historically disadvantaged backgrounds on to the land, these new farmers, facing the challenges of establishing sustainable agri-businesses across the agricultural value chain, Land Bank has been a commercial lifeline offering appropriately designed financial products that facilitate personal and commercial viability in a sector that is vital to the sustainability of South Africa and its people. Ensures that credit impairment model development, adheres to consistency and quality standards, and follow the guidance of corporate policies and procedures and regulatory requirements.
KEY PERFORMANCE AREAS
Develop and Runs Impairment (Expected loss) Models
1. Development and/or implementation of statistical models to implement the IFRS9 Credit impairment models
2. Develop diagnostic method to quantify changes in provision due to both external and internal
3. Changes to credit risk environment.
4. Integration of enterprise wide stress testing requirements into the IFRS9 Credit Impairment model and to determine the potential impact on impairment provisions
5. Provides information to both internal and external auditors to ensure their accurate understanding and analysis of the asset portfolio
6. Develops statistical analytical models to analyse the portfolio, including quantitative analysis, probability analysis, regression analysis, migration analysis, etc.
7. Analyses various segments of the portfolio to determine their impact on the loan loss provisions.
8. Provides recommendations to management to help direct future lending activities to mitigate future loan losses.
9. Maintain database on defaults and assist in the design, development, implementation, and maintenance of data structures and data extracts to support comprehensive data collection, loading, and extraction for complex analyses.
10. Enhancement of Loss Given Defaults (LGD) models (loss database, collateral haircuts)
11. Maintain database on SLA partners
General modelling responsibilities
1. Develops and performs processes for model monitoring.
2. Completes testing on model assumptions, theory, empirical evidence, implementation and limitations.
3. Perform routine analysis for model performance monitoring and model review, maintaining current model inventory for validation and audit compliance.
4. Maintain "overwrite statistics"
5. Develop and maintain documentation of procedures and processes
6. Maintain thorough technical, procedural, processing, and system knowledge.
7. Obtain and conduct data analysis required for stress testing model development.
8. Participate in development and execution of credit Economic Capital methodologies and Stress testing models for the Bank’s lending portfolio
9. Work with appropriate parties to resolve or remediate data quality issues
General Reporting & Research
1. Prepare reports and presentations, delivering information for use in Executive level reports and financials
2. Write or assist in the drafting of ad hoc and recurring reports.
3. Work closely with subject matter experts to understand and interpret data.
4. Keep current regarding latest industry developments and trends affecting the regulatory environment, banking industry and the organisation.
5. Perform ad-hoc analyses as and when needed
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